BTC/USDT SHORT ($56.000)
Updated
Bitcoin has shown a strong upward trend but has been met with rejection each time. This is generally referred to as a weak view. This indicates the need for a bottom formation within an upward trend. In other words, Bitcoin needs to find a new deep level before it can continue its upward trend. The new deep level is $56,000 at least.
Note
Trade closed manually
I decided to close my short position that I opened at 62920 (60924 now) due to Bitcoin's strong stance. It's still holding much stronger than I thought!
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